www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Uncertainty over new Alberta energy minister http://www.upstreamonline.com/live/1401309/uncertainty-over-new-alberta-energy-minister Uncertainty surrounding policies of Alberta's new left-wing party have prompted at least one major operator to delay publication of a future budget. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1401309/uncertainty-over-new-alberta-energy-minister Wed, 27 May 2015 21:41:29 +0000 live Gulf Island to lay off 554 http://www.upstreamonline.com/live/1401305/gulf-island-to-lay-off-554 US fabricator Gulf Island is set to lay off 554 workers in July at its Gulf Marine facility in Aransas Pass, Texas -- about a third of its overall remaining employee headcount. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1401305/gulf-island-to-lay-off-554 Wed, 27 May 2015 21:01:30 +0000 live Mexico extends Round 1 comment period http://www.upstreamonline.com/live/1401300/mexico-extends-round-1-comment-period Mexico's oil regulator has given potential participants in its inuagural Round 1 bid offering an extra week and a half to offer feedback on proposed contracts and terms. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1401300/mexico-extends-round-1-comment-period Wed, 27 May 2015 20:32:08 +0000 live Cyclone Drilling fined in rig worker death http://www.upstreamonline.com/live/1401299/cyclone-drilling-fined-in-rig-worker-death Wyoming-based Cyclone Drilling will pay $9805 in fines for a 2014 accident that cost a rig worker his life. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1401299/cyclone-drilling-fined-in-rig-worker-death Wed, 27 May 2015 20:25:52 +0000 live YPF hits in Rio Negro http://www.upstreamonline.com/live/1401177/ypf-hits-in-rio-negro Argentina's YPF has reported a conventional oil discovery in the Los Caldenes block in the province of Rio Negro. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1401177/ypf-hits-in-rio-negro Wed, 27 May 2015 19:18:28 +0000 live Emerald pulls out of Permian deal http://www.upstreamonline.com/live/1401176/emerald-pulls-out-of-permian-deal US junior Emerald Oil is backing away from plans to issue as much as $150 million in stock and buy an asset package in the Delaware sub-basin of the Permian for around $75 million. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1401176/emerald-pulls-out-of-permian-deal Wed, 27 May 2015 18:43:51 +0000 live California oil spill clean-up continues http://www.upstreamonline.com/live/1401173/california-oil-spill-clean-up-continues Clean-up crews continued to work along a stretch of California shoreline a week after it was marred by oil that had leaked from an onshore pipeline. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1401173/california-oil-spill-clean-up-continues Wed, 27 May 2015 17:57:16 +0000 live Progress fined over duck deaths http://www.upstreamonline.com/live/1401165/progress-fined-over-duck-deaths Canadian regulators have ordered shale producer Progress Energy to pay a total of C$250,000 (US$203,000) in fines after the company pleaded guilty in the deaths of 17 Mallard ducks that flew into one of its open, above-ground storage tanks in 2012. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1401165/progress-fined-over-duck-deaths Wed, 27 May 2015 16:46:37 +0000 live Gail sells some US LNG to Shell http://www.upstreamonline.com/live/1401146/gail-sells-some-us-lng-to-shell India's Gail has sold some of its liquefied natural gas from its US portfolio to Anglo-Dutch supermajor Shell ahead of production from early 2018, its head B.C. Tripathi said on Wednesday. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1401146/gail-sells-some-us-lng-to-shell Wed, 27 May 2015 15:45:42 +0000 live Tullow gets active at Zumba http://www.upstreamonline.com/incoming/1401129/tullow-gets-active-at-zumba Tullow Oil has kicked off drilling at its Zumba prospect in the Norwegian Sea, a block partner said. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1401129/tullow-gets-active-at-zumba Wed, 27 May 2015 15:01:09 +0000 ece_incoming Crescent Point nabs Legacy in $1.23bn deal http://www.upstreamonline.com/live/1401108/crescent-point-nabs-legacy-in-usd-123bn-deal Crescent Point Energy is taking over Canadian junior Legacy Oil & Gas for C$1.53 billion (US$1.23 billion) to increase its position in the Midale light-oil play in south-eastern Saskatchewan. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1401108/crescent-point-nabs-legacy-in-usd-123bn-deal Wed, 27 May 2015 14:42:07 +0000 live Eidesvik in PSV deal http://www.upstreamonline.com/live/1401117/eidesvik-in-psv-deal Eidesvik Offshore has secured a new charter with Chevron for its platform supply vessel Viking Princess in the UK sector of the North Sea despite a market slump. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401117/eidesvik-in-psv-deal Wed, 27 May 2015 14:38:11 +0000 live 'Talks leverage' on Leviathan http://www.upstreamonline.com/live/1401103/talks-leverage-on-leviathan Israel’s Delek Group has confirmed that talks with the authorities over proposed investments in the Leviathan and Tamar gas fields off the country are “moving in a promising direction” after plans have been derailed by anti-trust concerns. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401103/talks-leverage-on-leviathan Wed, 27 May 2015 14:22:51 +0000 live Halliburton Nigeria strike ‘over’ http://www.upstreamonline.com/incoming/1401094/halliburton-nigeria-strike-over A nationwide strike over job cuts has been called off at services giant Halliburton’s operations in Nigeria, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1401094/halliburton-nigeria-strike-over Wed, 27 May 2015 14:05:05 +0000 ece_incoming Ukraine hands over gas cash http://www.upstreamonline.com/live/1401092/ukraine-hands-over-gas-cash Ukraine’s state-run energy company Naftogaz is reported to have handed over a further $30 million to Russia’s Gazprom in prepayment for gas supplies. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1401092/ukraine-hands-over-gas-cash Wed, 27 May 2015 13:27:07 +0000 live Lundin gets Alta well approval http://www.upstreamonline.com/live/1401087/lundin-gets-alta-well-approval Swedish player set to use semisub Island Innovator on second appraisal probe at Barents Sea find Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1401087/lundin-gets-alta-well-approval Wed, 27 May 2015 13:02:02 +0000 live Protesters ‘shut’ Eni Nigeria facility http://www.upstreamonline.com/incoming/1401073/protesters-shut-eni-nigeria-facility Eni's subsidiary Nigeria Agip Oil facility has had a facility closed by a local community group following an alleged dispute with the Italian company, according to a report. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1401073/protesters-shut-eni-nigeria-facility Wed, 27 May 2015 12:17:12 +0000 ece_incoming CNOOC Ltd hits oil in South China Sea http://www.upstreamonline.com/incoming/1401052/cnooc-ltd-hits-oil-in-south-china-sea CNOOC Ltd has made what it termed a mid-sized discovery in the eastern South China Sea, the state-owned company said on Wednesday.  (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1401052/cnooc-ltd-hits-oil-in-south-china-sea Wed, 27 May 2015 11:00:59 +0000 ece_incoming North Sea costs 'set for 20% fall' http://www.upstreamonline.com/live/1401053/north-sea-costs-set-for-20-percent-fall North Sea capital and operating costs could drop by as much as 20% within the next two years, with drilling expenses expected to be cut by a third amid a market slump driven by low oil prices, according to UK research consultancy Wood Mackenzie. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401053/north-sea-costs-set-for-20-percent-fall Wed, 27 May 2015 10:54:22 +0000 live PSV lay-ups for World Wide Supply http://www.upstreamonline.com/live/1401050/psv-lay-ups-for-world-wide-supply World Wide Supply is set to lay up two platform supply vessels and axe staff as the Oslo-listed offshore vessel owner is the latest to suffer from a North Sea market downturn. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401050/psv-lay-ups-for-world-wide-supply Wed, 27 May 2015 10:26:00 +0000 live New Norway wildcats in prospect http://www.upstreamonline.com/live/1401038/new-norway-wildcats-in-prospect Fresh wildcats are on the radar screen off Norway later this year for explorers Statoil and Shell, which have now filed applications with the authorities to drill the pair of probes. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401038/new-norway-wildcats-in-prospect Wed, 27 May 2015 10:01:53 +0000 live Rocksource in sight for HitecVision http://www.upstreamonline.com/live/1401028/rocksource-in-sight-for-hitecvision Private-equity fund HitecVision has crossed a critical 90% ownership threshold in Rocksource after launching a buyout bid that sets the stage for a compulsory acquisition of remaining shares in the Norwegian player. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401028/rocksource-in-sight-for-hitecvision Wed, 27 May 2015 08:45:24 +0000 live PTTEP ‘may still reach sales growth target’ http://www.upstreamonline.com/incoming/1401025/pttep-may-still-reach-sales-growth-target Thailand's PTT Exploration & Production (PTTEP) is still hoping to reach its previous sales growth target of 6% despite recent reports it had been chopped in half. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1401025/pttep-may-still-reach-sales-growth-target Wed, 27 May 2015 08:23:13 +0000 ece_incoming Atlantic pulls plug on licence http://www.upstreamonline.com/live/1401024/atlantic-pulls-plug-on-licence Atlantic Petroleum has decided to exit a Statoil-operated licence in the Norwegian Sea as the Faroese player does not consider it to be economically viable, despite a recent gas discovery. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401024/atlantic-pulls-plug-on-licence Wed, 27 May 2015 08:14:40 +0000 live Hoegh in Chile FSRU award http://www.upstreamonline.com/live/1401018/hoegh-in-chile-fsru-award Hoegh LNG has secured a contract for a floating storage and regasification unit to be deployed at a Chilean liquefied natural gas import terminal. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1401018/hoegh-in-chile-fsru-award Wed, 27 May 2015 07:25:09 +0000 live Aibel wins Oseberg Future FEED http://www.upstreamonline.com/live/1401017/aibel-wins-oseberg-future-feed Norwegian contractor Aibel has been handed a front-end engineering and design contract in connection with Statoil's Oseberg Future project in the North Sea. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1401017/aibel-wins-oseberg-future-feed Wed, 27 May 2015 07:06:28 +0000 live Victoria buys Logbaba plant http://www.upstreamonline.com/live/1401016/victoria-buys-logbaba-plant Victoria Oil & Gas subsidiary Gaz du Cameroun (GDC) has bought the Logbaba gas processing plant in Cameroon from Expro Worldwide for just under $2.6 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1401016/victoria-buys-logbaba-plant Wed, 27 May 2015 06:29:01 +0000 live Oil regains some ground http://www.upstreamonline.com/live/1401013/oil-regains-some-ground Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that US crude stocks could fall for a fourth straight week. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1401013/oil-regains-some-ground Wed, 27 May 2015 04:50:07 +0000 live Woodside in Tanzania exit http://www.upstreamonline.com/live/1401012/woodside-in-tanzania-exit Australia's Woodside Petroleum has elected to withdraw from its farm-in of the Lake Tanganyika South Block in Tanzania. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1401012/woodside-in-tanzania-exit Wed, 27 May 2015 04:32:38 +0000 live APPEA hits out at union campaign http://www.upstreamonline.com/live/1401009/appea-hits-out-at-union-campaign Australian Workers Union is calling for a national gas reservation policy Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1401009/appea-hits-out-at-union-campaign Wed, 27 May 2015 02:59:21 +0000 live Pemex rolls out new E&P structure http://www.upstreamonline.com/live/1401008/pemex-rolls-out-new-eandp-structure Pemex Exploration & Production (PEP) has appointed a committee to oversee the management of its exploration and production subsidiary. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1401008/pemex-rolls-out-new-eandp-structure Wed, 27 May 2015 01:09:48 +0000 live Oil slips as dollar strengthens http://www.upstreamonline.com/live/1401003/oil-slips-as-dollar-strengthens Oil prices fell nearly 3% on Tuesday as the dollar's rally weighed on dollar-denominated crude oil futures along with concerns that a recent rally might keep US producers active. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1401003/oil-slips-as-dollar-strengthens Tue, 26 May 2015 23:20:45 +0000 live Chinese company buys Canadian junior http://www.upstreamonline.com/live/1401002/chinese-company-buys-canadian-junior An unnamed Chinese buyer has bought privately held Canadian producer New Star Energy for about C$215 million (US$173 million) in cash and plans to make the enhanced-recovery specialist a "beachhead" for a bigger operation in the country. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1401002/chinese-company-buys-canadian-junior Tue, 26 May 2015 23:12:09 +0000 live Texas oil spill reported after flooding http://www.upstreamonline.com/live/1400999/texas-oil-spill-reported-after-flooding An oil spill was reported Tuesday in northern Texas, near the Oklahoma border, after heavy rainfall caused flooding in the region. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400999/texas-oil-spill-reported-after-flooding Tue, 26 May 2015 23:01:08 +0000 live Trilantic backs E&P startup http://www.upstreamonline.com/live/1400998/trilantic-backs-eandp-startup The North American arm of global private equity firm Trilantic Capital Partners has agreed to invest $250 million in a newly formed exploration and production company. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400998/trilantic-backs-eandp-startup Tue, 26 May 2015 22:10:15 +0000 live Petrobras executive sentenced to five years http://www.upstreamonline.com/live/1400995/petrobras-executive-sentenced-to-five-years A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, according to reports. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400995/petrobras-executive-sentenced-to-five-years Tue, 26 May 2015 21:16:58 +0000 live Mexico Round 1 partners revealed http://www.upstreamonline.com/live/1400994/mexico-round-1-partners-revealed A total of 26 companies and groups -- 19 individuals and seven consortia -- have pre-qualified to place offers in the first phase of Mexico's inaugural Round 1 public bid offering. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1400994/mexico-round-1-partners-revealed Tue, 26 May 2015 21:00:09 +0000 live Magnum Hunter sells West Virginia acreage http://www.upstreamonline.com/live/1400992/magnum-hunter-sells-west-virginia-acreage US junior Magnum Hunter has signed a deal to sell a little a package of non-core acreage in West Virginia for $40.8 million as it looks to raise enough cash to stay in compliance with its debt covenants. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1400992/magnum-hunter-sells-west-virginia-acreage Tue, 26 May 2015 20:35:49 +0000 live Brazil recommends local content updates http://www.upstreamonline.com/live/1400990/brazil-recommends-local-content-updates The Brazilian Petroleum Institute (IBP), representing oil companies and contractors, has issued recommendations for modernising the country’s rules on local content in line with the broad aim of boosting investment and fostering a more competitive domestic supply chain. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400990/brazil-recommends-local-content-updates Tue, 26 May 2015 19:22:14 +0000 live Houston E&Ps open despite floods http://www.upstreamonline.com/live/1400986/houston-eandps-open-despite-floods The offices of Houston-area oil and gas companies were open Tuesday despite heavy flooding that closed down many of the city’s freeways, school districts and public services. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400986/houston-eandps-open-despite-floods Tue, 26 May 2015 19:18:15 +0000 live Halliburton in talks over Nigeria shut down http://www.upstreamonline.com/live/1400988/halliburton-in-talks-over-nigeria-shut-down Services giant Halliburton confirmed it is working with Nigeria's main oil union to resolve a dispute that led to the reported shut down of company operations in the country. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400988/halliburton-in-talks-over-nigeria-shut-down Tue, 26 May 2015 19:08:17 +0000 live Seventy Seven sells rig hauling unit http://www.upstreamonline.com/live/1400984/seventy-seven-sells-rig-hauling-unit Seventy Seven Energy has reached an agreement to sell its rig trucking unit to Aveda Transportation and Energy Services for an undisclosed sum. Noah.Brenner@nhst.no (Noah Brenner) http://www.upstreamonline.com/live/1400984/seventy-seven-sells-rig-hauling-unit Tue, 26 May 2015 18:07:57 +0000 live Hyperdynamics escapes DOJ charges http://www.upstreamonline.com/live/1400980/hyperdynamics-escapes-doj-charges The US Department of Justice (DOJ) has wrapped a corruption investigation into West Africa-focused player Hyperdynamics without bringing any charges against the company. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400980/hyperdynamics-escapes-doj-charges Tue, 26 May 2015 17:08:19 +0000 live Riley buys into Cinco Resources http://www.upstreamonline.com/incoming/1400966/riley-buys-into-cinco-resources US independent Riley Exploration Group has acquired a 90% equity interest in Cinco Resources, an acquisition which will help the junior double its net production. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1400966/riley-buys-into-cinco-resources Tue, 26 May 2015 15:59:44 +0000 ece_incoming US, Canada, Mexico in climate pact http://www.upstreamonline.com/live/1400962/us-canada-mexico-in-climate-pact The federal energy ministers from Canada, the US and Mexico have formed a North American coalition focused on climate change and energy policy. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400962/us-canada-mexico-in-climate-pact Tue, 26 May 2015 15:42:39 +0000 live Ecopetrol eyes $6bn cost cuts http://www.upstreamonline.com/live/1400961/ecopetrol-eyes-usd-6bn-cost-cuts Ecopetrol is looking to shave nearly $6 billion in costs in the second half of the decade as it aims to boost production and reserves, while concentrating on upstream exploration and production (E&P). Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400961/ecopetrol-eyes-usd-6bn-cost-cuts Tue, 26 May 2015 15:34:43 +0000 live Newcomer Origo secures four licenses http://www.upstreamonline.com/incoming/1400958/newcomer-origo-secures-four-licenses Stavanger-based explorer Origo Exploration has signed agreements involving four licenses, in both UK and Norwegian waters, while targeting five exploration wells per year by 2020. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1400958/newcomer-origo-secures-four-licenses Tue, 26 May 2015 15:28:52 +0000 ece_incoming Podcast: Bottom of the Downturn? http://www.upstreamonline.com/live/1400946/podcast-bottom-of-the-downturn Listen to The Bit, Upstream's weekly podcast, where we dig in to ExxonMobil's potentially large discovery off Guyana and ask whether we have hit the bottom of the industry downturn. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400946/podcast-bottom-of-the-downturn Tue, 26 May 2015 14:25:07 +0000 live Haribo treat for Edison http://www.upstreamonline.com/live/1400930/haribo-treat-for-edison Italy’s Edison has been given the go-ahead by authorities to drill its first exploration well off Norway. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400930/haribo-treat-for-edison Tue, 26 May 2015 13:49:28 +0000 live Sverdrup delay sinks reserves target http://www.upstreamonline.com/live/1400929/sverdrup-delay-sinks-reserves-target The delay in submission of the development plan for the Johan Sverdrup field off Norway has resulted in the failure to reach a goal for oil reserves growth this year, according to the country’s petroleum agency. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400929/sverdrup-delay-sinks-reserves-target Tue, 26 May 2015 13:45:26 +0000 live Fairfield boss Peattie ‘to quit’ http://www.upstreamonline.com/live/1400918/fairfield-boss-peattie-to-quit David Peattie, the chief executive of UK North Sea-focused player Fairfield Energy, is to quit the company, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400918/fairfield-boss-peattie-to-quit Tue, 26 May 2015 13:20:18 +0000 live Union nets Peru acreage http://www.upstreamonline.com/incoming/1400915/union-nets-peru-acreage Union Oil & Gas is getting its hands on an onshore block in Peru through the acquisition of a controlling stake in a company. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1400915/union-nets-peru-acreage Tue, 26 May 2015 12:22:28 +0000 ece_incoming CNPC in 'big tight-oil find' http://www.upstreamonline.com/live/1400913/cnpc-in-big-tight-oil-find State-owned China National Petroleum Corporation (CNPC) reportedly has made its largest tight oil discovery to date in China’s onshore play. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400913/cnpc-in-big-tight-oil-find Tue, 26 May 2015 12:17:22 +0000 live McDermott lands Aramco jacket work http://www.upstreamonline.com/live/1400896/mcdermott-lands-aramco-jacket-work McDermott International has won a contract to build and install a plethora of jackets for offshore projects from Saudi Aramco. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400896/mcdermott-lands-aramco-jacket-work Tue, 26 May 2015 11:14:50 +0000 live Egypt expands Med round http://www.upstreamonline.com/live/1400874/egypt-expands-med-round Egypt has reportedly expanded its licensing round for acreage in the Mediterranean Sea with the addition of two blocks and extended the deadline for bids by two months as the North African country targets fresh offshore gas reserves to plug a supply gap. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1400874/egypt-expands-med-round Tue, 26 May 2015 09:31:45 +0000 live Rosneft mulls quitting UAE play http://www.upstreamonline.com/live/1400870/rosneft-mulls-quitting-uae-play Russia’s Rosneft is considering terminating its participation in a joint venture with United Arab Emirates-based Crescent Petroleum. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400870/rosneft-mulls-quitting-uae-play Tue, 26 May 2015 09:25:31 +0000 live Eni hits gas off Libya http://www.upstreamonline.com/live/1400866/eni-hits-gas-off-libya Eni has made a new discovery of gas and condensates at its A1-1/1 well offshore Libya, in the Bouri North exploration prospect in Area D. (Anamaria Deduleasa) http://www.upstreamonline.com/live/1400866/eni-hits-gas-off-libya Tue, 26 May 2015 08:41:37 +0000 live Petronas, CNPC remove S Sudan staff http://www.upstreamonline.com/live/1400864/petronas-cnpc-remove-s-sudan-staff Petronas has taken some staff from its operations in Upper Nile State amid recent heavy fighting in the core South Sudanese oil patch, with China National Petroleum Corporation (CNPC) said to have done likewise. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400864/petronas-cnpc-remove-s-sudan-staff Tue, 26 May 2015 08:31:38 +0000 live Colombia extra time for Interoil http://www.upstreamonline.com/live/1400863/colombia-extra-time-for-interoil Interoil Exploration & Production has been given more time by the Colombian authorities to provide a cash guarantee necessary to avert termination of an onshore licence, as well as an extension of the exploration term. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400863/colombia-extra-time-for-interoil Tue, 26 May 2015 08:23:54 +0000 live Range signs $35m MoU http://www.upstreamonline.com/incoming/1400861/range-signs-usd-35m-mou Range Resources has signed a binding memorandum of understanding with investment fund Beijing Sibo worth up to $35 million, equity that will fund the London-listed player’s operational activities on its Guayaguayare blocks in Trinidad. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1400861/range-signs-usd-35m-mou Tue, 26 May 2015 08:06:52 +0000 ece_incoming MEG shuts in over forest fire risk http://www.upstreamonline.com/live/1400860/meg-shuts-in-over-forest-fire-risk Canada’s MEG Energy has evacuated its Christina Lake oil sands facilities of many workers as forest fires burn in the region. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400860/meg-shuts-in-over-forest-fire-risk Tue, 26 May 2015 07:55:47 +0000 live Kongsberg in Sverdrup award http://www.upstreamonline.com/live/1400858/kongsberg-in-sverdrup-award Kongsberg Maritime has secured an order worth around Nkr200 million ($26 million) to deliver safety and automation as well as other systems for the giant Johan Sverdrup field project off Norway. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400858/kongsberg-in-sverdrup-award Tue, 26 May 2015 07:49:25 +0000 live San Leon fights field claim http://www.upstreamonline.com/live/1400856/san-leon-fights-field-claim London-listed San Leon Energy has launched an appeal against an arbitration award in favour of former joint-venture partner Avobone over the latter’s exit from a Polish tight gas field. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400856/san-leon-fights-field-claim Tue, 26 May 2015 07:36:28 +0000 live Bumi served arbitration notice http://www.upstreamonline.com/live/1400855/bumi-served-arbitration-notice Malaysia's Bumi Armada has received a notice of arbitration from Italian underwater trenching company Sea over a contract carried out on the Filanovsky field in the Caspian Sea. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400855/bumi-served-arbitration-notice Tue, 26 May 2015 07:32:28 +0000 live BW sees profits slip http://www.upstreamonline.com/live/1400852/bw-sees-profits-slip Floater specialist BW Offshore saw profits slip in the first quarter of the year following a fall in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400852/bw-sees-profits-slip Tue, 26 May 2015 06:18:26 +0000 live Shell hands contract to Barakah http://www.upstreamonline.com/live/1400850/shell-hands-contract-to-barakah Malaysia's Barakah Offshore Petroleum has been awarded a contract to supply equipment to support the offshore operations in the country of Anglo-Dutch supermajor Shell. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400850/shell-hands-contract-to-barakah Tue, 26 May 2015 04:26:01 +0000 live Oil rises slightly in early trade http://www.upstreamonline.com/live/1400849/oil-rises-slightly-in-early-trade Crude prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400849/oil-rises-slightly-in-early-trade Tue, 26 May 2015 03:14:16 +0000 live Pacific gets nod for Kisaran development http://www.upstreamonline.com/live/1400848/pacific-gets-nod-for-kisaran-development Privately-owned Pacific Oil & Gas has received approval for its plan of development of the Kisaran production sharing contract in Sumatra, Indonesia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400848/pacific-gets-nod-for-kisaran-development Tue, 26 May 2015 01:53:26 +0000 live Forest fire shuts Foster Creek http://www.upstreamonline.com/live/1400847/forest-fire-shuts-foster-creek Cenovus Energy has shut down production at its Foster Creek oil sands and Athabasca natural gas operations in north-eastern Alberta, as well as evacuated personnel, due to a forest fire that is threatening facilities in the Canadian play. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400847/forest-fire-shuts-foster-creek Mon, 25 May 2015 14:31:33 +0000 live Royalty law on Romania radar http://www.upstreamonline.com/live/1400846/royalty-law-on-romania-radar Romania's government will send a draft law on royalty taxes for the oil and gas sector to parliament in September, Deputy Finance Minister Dan Manolescu was reported as saying on Monday. (News Wires) http://www.upstreamonline.com/live/1400846/royalty-law-on-romania-radar Mon, 25 May 2015 14:17:24 +0000 live Bentec wins rig deals http://www.upstreamonline.com/live/1400843/bentec-wins-rig-deals German rig manufacturer Bentec has secured a hat-trick of multi-million dollar contracts to supply rigs and equipment for clients in Russia and the Azeri sector of the Caspian Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400843/bentec-wins-rig-deals Mon, 25 May 2015 14:00:49 +0000 live Israeli regulator 'heads for exit' http://www.upstreamonline.com/live/1400841/israeli-regulator-heads-for-exit Israel’s anti-monopoly regulator said on Monday he would step down in August in a move that could unblock progress on Noble Energy’s stalled Leviathan gas field project off the country, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall), (News Wires) http://www.upstreamonline.com/live/1400841/israeli-regulator-heads-for-exit Mon, 25 May 2015 13:04:23 +0000 live Norway takes 'gas export lead' http://www.upstreamonline.com/live/1400839/norway-takes-gas-export-lead Norway has overtaken Russia as western Europe's top gas supplier, according to data from state companies, indicating the European Union's drive to reduce its dependence on Russian energy is bearing fruit, according to a report. (News Wires) http://www.upstreamonline.com/live/1400839/norway-takes-gas-export-lead Mon, 25 May 2015 10:31:19 +0000 live Wintershall 'eyes Libya assets' http://www.upstreamonline.com/live/1400838/wintershall-eyes-libya-assets Germany’s Wintershall is reported to be looking at the possible acquisition of Libyan assets from Occidental Petroleum, despite civil unrest that has disrupted oil and gas activities in the strife-torn North African country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400838/wintershall-eyes-libya-assets Mon, 25 May 2015 10:15:32 +0000 live Juba 'retakes' Upper Nile from rebels http://www.upstreamonline.com/live/1400829/juba-retakes-upper-nile-from-rebels South Sudan's government is reported to have wrested control of oil-producing Upper Nile State, the scene of heavy fighting in recent days, from rebel fighters. (News Wires) http://www.upstreamonline.com/live/1400829/juba-retakes-upper-nile-from-rebels Mon, 25 May 2015 07:57:57 +0000 live Questerre targets Jordan shale http://www.upstreamonline.com/live/1400826/questerre-targets-jordan-shale Canada's Questerre Energy has signed a memorandum of understanding to explore shale acreage in Jordan. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400826/questerre-targets-jordan-shale Mon, 25 May 2015 05:43:46 +0000 live Oz pair come up dry at Sensation-1 http://www.upstreamonline.com/live/1400827/oz-pair-come-up-dry-at-sensation-1 Australia's Beach Energy and Cooper Energy have had a disappointing end to their three-well campaign in the South Australian Cooper basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400827/oz-pair-come-up-dry-at-sensation-1 Mon, 25 May 2015 05:42:31 +0000 live Fire put out on Gulf of Mexico platform http://www.upstreamonline.com/live/1400825/fire-put-out-on-gulf-of-mexico-platform A fire broke out aboard a small oil platform in the Gulf of Mexico, about 32 kilometers off the coast of Louisiana, but was extinguished early on Saturday. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400825/fire-put-out-on-gulf-of-mexico-platform Mon, 25 May 2015 04:18:06 +0000 live Oil rises on demand hopes http://www.upstreamonline.com/live/1400824/oil-rises-on-demand-hopes Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the US driving season. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400824/oil-rises-on-demand-hopes Mon, 25 May 2015 04:09:35 +0000 live Assessment firms up Canadian shale potential http://www.upstreamonline.com/live/1400823/assessment-firms-up-canadian-shale-potential A new assessment of the Canol and Bluefish oil shales in Canada's Northwest Territories estimates a resource of more than 190 billion barrels of oil-in-place. (Tonya Zelinsky) http://www.upstreamonline.com/live/1400823/assessment-firms-up-canadian-shale-potential Mon, 25 May 2015 02:55:39 +0000 live Skilled reopens merger talks http://www.upstreamonline.com/live/1400822/skilled-reopens-merger-talks Australian duo Skilled Group and Programmed Group have reopened talks over a potential merger, just months after the former had dismissed the idea. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400822/skilled-reopens-merger-talks Mon, 25 May 2015 02:40:07 +0000 live FEED work starts at Sole http://www.upstreamonline.com/live/1400820/feed-work-starts-at-sole Australian duo Santos and Cooper Energy have entered the front-end engineering and design phase on the Sole gas field, off the coast of south-east Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400820/feed-work-starts-at-sole Mon, 25 May 2015 01:50:44 +0000 live Metgasco to resume Rosella drilling http://www.upstreamonline.com/live/1400784/metgasco-to-resume-rosella-drilling The New South Wales government has decided not to appeal a Supreme Court decision that overturned a suspension to drilling activities imposed on Australian company Metgasco. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1400784/metgasco-to-resume-rosella-drilling Mon, 25 May 2015 00:37:27 +0000 live Oil falls as dollar rallies http://www.upstreamonline.com/live/1400776/oil-falls-as-dollar-rallies Oil fell about 2% on Friday as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400776/oil-falls-as-dollar-rallies Fri, 22 May 2015 23:45:28 +0000 live US senators urge halt on Arctic permits http://www.upstreamonline.com/live/1400775/us-senators-urge-halt-on-arctic-permits Eighteen US senators, all Democrats, have added their voices to the growing campaign against Arctic drilling. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400775/us-senators-urge-halt-on-arctic-permits Fri, 22 May 2015 23:25:45 +0000 live Hibernia partners charged in oil spill http://www.upstreamonline.com/live/1400773/hibernia-partners-charged-in-oil-spill The partners behind one of Eastern Canada's largest offshore oil projects are being charged with four regulatory violations in relation to a 2013 oil spill in Newfoundland & Labrador's Grand Banks. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400773/hibernia-partners-charged-in-oil-spill Fri, 22 May 2015 21:51:05 +0000 live US orders Plains to shut pipeline http://www.upstreamonline.com/live/1400770/us-orders-plains-to-shut-pipeline The US Department of Transportation has issued a corrective action order to Texas company Plains All American after one of its pipelines ruptured Tuesday and caused a massive spill along the California coastline. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400770/us-orders-plains-to-shut-pipeline Fri, 22 May 2015 20:47:26 +0000 live US rig count inches downward http://www.upstreamonline.com/live/1400768/us-rig-count-inches-downward The decline in the US rig count continued, but just barely, in the week ending May 22, according to Baker Hughes’ weekly report. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400768/us-rig-count-inches-downward Fri, 22 May 2015 18:41:48 +0000 live Two injured in Brazil platform fire http://www.upstreamonline.com/live/1400766/two-injured-in-brazil-platform-fire Two workers were injured after a blast on board the Petrobras P-56 semi-submersible production platform in the Campos basin off Brazil earlier this week. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400766/two-injured-in-brazil-platform-fire Fri, 22 May 2015 17:39:06 +0000 live Canada 'poised for M&A wave' http://www.upstreamonline.com/live/1400763/canada-poised-for-manda-wave Cheap oil prices could spark an increase in mergers and acquisitions in Canada over the next five to 10 years as producers of low-margin crude are forced to cut costs, according to an analyst. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1400763/canada-poised-for-manda-wave Fri, 22 May 2015 17:01:03 +0000 live US Gulf well shut-in after fire http://www.upstreamonline.com/live/1400761/us-gulf-well-shut-in-after-fire A platform in the US Gulf of Mexico has stopped producing and has been shut-in after a fire and oil sheen were reported near Breton Island early Friday morning. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400761/us-gulf-well-shut-in-after-fire Fri, 22 May 2015 16:59:09 +0000 live Sete Brasil restructuring takes shape http://www.upstreamonline.com/live/americas/1400759/sete-brasil-restructuring-takes-shape Political manoeuvring and lender negotiations continue but core deal centres on six semi-submersible rigs and seven drillships. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/americas/1400759/sete-brasil-restructuring-takes-shape Fri, 22 May 2015 16:28:52 +0000 live live_americas ExxonMobil denies Iran sanctions lobbying http://www.upstreamonline.com/live/1400758/exxonmobil-denies-iran-sanctions-lobbying US supermajor ExxonMobil denied reports Friday that it had ramped up lobbying efforts with the US government over Iranian sanctions. caroline.evans@upstreamonline.com (Caroline Evans) http://www.upstreamonline.com/live/1400758/exxonmobil-denies-iran-sanctions-lobbying Fri, 22 May 2015 15:19:50 +0000 live Petronas starts Bukit Tua flows http://www.upstreamonline.com/live/1400756/petronas-starts-bukit-tua-flows Petronas has begun production from an oil and gas field off East Java as the Malaysian state player also reported a drop in first-quarter profit. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400756/petronas-starts-bukit-tua-flows Fri, 22 May 2015 14:58:18 +0000 live European leads chase for ONGC prize http://www.upstreamonline.com/live/1400751/european-leads-chase-for-ongc-prize A European contractor is leading the race for a subsea contract involving the tie-back of India’s state-owned Oil & Natural Gas Corporation’s (ONGC) S2AB and G-1-9 wells off the country’s eastern coast. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400751/european-leads-chase-for-ongc-prize Fri, 22 May 2015 14:13:44 +0000 live BP sued by Colombian trade unionist http://www.upstreamonline.com/incoming/1400749/bp-sued-by-colombian-trade-unionist BP is being sued in London’s High Court by a Colombian trade union leader who is claiming damages against the supermajor over its alleged complicity in kidnap and torture. (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1400749/bp-sued-by-colombian-trade-unionist Fri, 22 May 2015 13:47:26 +0000 ece_incoming Talisman 'seeks stay' on Yme plan http://www.upstreamonline.com/live/1400748/talisman-seeks-stay-on-yme-plan Talisman Energy could be about to give up the ghost on its ill-fated Yme field project off Norway after reportedly filing an application to the authorities seeking exemption from submission of a revised development plan. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400748/talisman-seeks-stay-on-yme-plan Fri, 22 May 2015 13:34:14 +0000 live Statoil readies Sverdrup EPC award http://www.upstreamonline.com/live/1400745/statoil-readies-sverdrup-epc-award A hotly-contested race to win the second of four design-and-build platform topsides contracts on Statoil's giant Johan Sverdrup project off Norway is about to be decided. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1400745/statoil-readies-sverdrup-epc-award Fri, 22 May 2015 12:48:46 +0000 live Strike risk in Norway rig wage row http://www.upstreamonline.com/live/1400746/strike-risk-in-norway-rig-wage-row A state mediator has been called in to avert a possible strike by thousands of workers on drilling rigs off Norway after wage talks between unions and employers broke down late on Thursday. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1400746/strike-risk-in-norway-rig-wage-row Fri, 22 May 2015 12:41:57 +0000 live New arrest in Petrobras scandal http://www.upstreamonline.com/incoming/1400744/new-arrest-in-petrobras-scandal Brazil’s federal police have made a new arrest in the Petrobras corruption scandal, marking another phase of Operation Car Wash, according to reports.  (Anamaria Deduleasa) http://www.upstreamonline.com/incoming/1400744/new-arrest-in-petrobras-scandal Fri, 22 May 2015 12:16:28 +0000 ece_incoming